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February 2, 2020
Question

1099 misc scholarship

  • February 2, 2020
  • 1 reply
  • 0 views

I received two 1099 misc for a scholarship that I received. One has an amount in box 3 and the second 1099 misc has an amount in box 7. Both of these 1099 misc exceed my 1098-t.

Do I report both 1099 misc under the 1099 section and the 1098T under the education section? 

Do I enter anything under scholarships?

    1 reply

    February 3, 2020

     

     

    The school should have reported the scholarship on the Form 1098-T.  I don't know why they would report it on Form 1099-MISC.  So, did they report any scholarship amount on the Form 1098-T?   If you report the Form 1099-MISC as they are, the IRS would expect you to report the income ( scholarship in this case) as self-employed.  This is not the correct reporting.  I would suggest you contact your school to receive a corrected Form 1098-T.

     

     

     

     

    February 3, 2020

    contact whomever sent you the 1099-misc as well; something doesn't seem correct